The increased focus on climate change and ongoing supervisory scrutiny is yet another reminder of the importance that banks, credit unions, mortgage lenders, commercial banks, and servicers must accurately implement and enforce the mandatory purchase of flood insurance. This requirement under the Flood Disaster Protection Act serves to protect collateral, reduce risk within a portfolio, and ensure strong, long-term relationships with your customers.
Total Flood Compliance
Newmark Valuation & Advisory’s Bank Credit Risk Solutions (BCRS) team offers Total Flood services, a comprehensive flood compliance solution.
